The Market Reports

Synopsis
The global market for SOFC and SOEC was estimated to be worth US$ 1614 million in 2024 and is forecast to a readjusted size of US$ 8256 million by 2031 with a CAGR of 27.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on SOFC and SOEC cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
SOFC and SOEC, or SOFCs (Solid Oxide Fuel Cells) and SOECs (Solid Oxide Electrolyzer Cells) are both electrochemical devices that utilize a solid oxide (ceramic) electrolyte, but they operate in opposite modes. SOFCs convert chemical energy directly into electrical energy, while SOECs use electrical energy to produce chemical energy, specifically hydrogen from water. Essentially, an SOEC is an SOFC operating in reverse.
In the context of the turnaround in energy policy, research focusses on technologies that can be used for the decentralized production of renewable (green) hydrogen (electrolyzer) or the reconversion of hydrogen into electricity (fuel cell). Due to the high efficiency (> 80 % for cogeneration) and the good scalability (system sizes in the kW to MW range), systems based on the solid oxide cell (SOC) will be the key technology for achieving the climate targets. SOCs contain a dense oxygen-ion conducting ceramic as electrolyte. The electrolyte is embedded between a porous electrode layer composed of a ceramic-metal composite at the fuel side of the cell and a nanoporous oxygen ion and electronic conducting ceramic layer at the air electrode of the cell.
This report aims to provide a comprehensive presentation of the global market for SOFC and SOEC, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of SOFC and SOEC by region & country, by Type, and by Application.
The SOFC and SOEC market size, estimations, and forecasts are provided in terms of sales volume (MW) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding SOFC and SOEC.
Market Segmentation
By Company
Bloom Energy
Aisin Corporation
Mitsubishi Power
Ceres
SolydEra
Sunfire GmbH
Convion
Special Power Sources (SPS)
Topsoe
Redox Power Systems
ZTEK Corporation
OxEon Energy
Egen Energy
Segment by Type
Planar
Tubular
Others
Segment by Application
Stationary
Transportation
Portable & Military
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of SOFC and SOEC manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of SOFC and SOEC in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of SOFC and SOEC in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index